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INVESTMENT OPPORTUNITIES

Revised June 2013

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INVESTMENT

WHY JAMAICA?

Ideal location and accessibility

• Gateway to multiple destinations

• EST time zone convenient for doing business in the USA,

Latin America and the Caribbean•

• Time zone difference is 0-3 hours for North America and

5-6 hours for Europe

• One-hour flight from Miami & three-hour flight from New York

• Access to main shipping lanes for the Panama Canal

Stable Government & Economy • Independent judiciary

• Diversified and well developed capital market

• No foreign exchange controls

• Increased privatisation of public sector companies

• Liberal export incentives

• Liberal import policies

Educated English-speaking Workforce & Modern Infrastructure

• Skilled and semi-skilled labour

• Intensive infrastructure

• Efficient telecomunications

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CONTENTSWhy Jamaica? 1

About Jamaica 3

JAMPRO & Partners 6

GOVERNMENT OF JAMAICA PROJECTSGlobal Logistics Hub Initiative 8Caymanas Economic Zone 9 Naggo Head Technology Park 10 Alternative Energy Supply Solution 11 Norman Manley International Airport and Aerodromes 12 Fort Clarence Beach 13Long Bay Beach 2 14Reach Falls 15Two Sisters Cave 16Festival Market Place 17 Commercial Assets of the Cocoa Industry Board 18Johnson Hill 19Mount Edgecombe Housing Development 20International Financial Services Centre 21

PRIVATE PROJECTSOld Hope Property 23The Jamaica Palace Hotel 24 Llandovery Estates 25 Sea Splash Resort 26Turtle Crawl Property 27

The Wexford Court Hotel 28Oyster Bay 29Rose Hall Seaside 30Green Castle Estate 31Round Hill Estates 32Seventh Harbour 33Morgan’s Harbour Hotel and Marina 34Golden Sun Resorts 35Jamaica Beachfront Land Development Opportunity 36Coconut Park 37Cotton Tree Bay 38Barrett Hall Lifestyle Village 39White Bay 40 Coral Springs 41Amaterra Jamaica 42Barnett Tech Park 43Jamrockking Marbles Calcium Carbonate Bagging Processing Plant 44Caribshare Biogas 45Cabbie Chronicles (Alcyone Animation) 46GSW Animation Limited 47

Jamaica Elite Sport Centre (G.C. Foster College) 48INCENTIVES 50

FACILITATING INVESTMENT IN JAMAICA 54

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Jamaicais a relatively small island, 146 miles long and 51 miles wide, but with a global personality and influence that radiates well beyond its size. As the largest English-speaking Island in the Caribbean, its population of nearly 3 million represents a harmonious blend of races and cultures.

Jamaica is a vibrant emerging market with enormous possibilities for trade and inward investment. Tourism, supported by over 3 million visitors annually, dominates the economy and is the largest employer. The Agriculture, Mining and Manufacturing industries are highly productive. Real estate and land development are big business, and the island has made phenomenal strides in information communications technologies, and is highly ranked as one of the leading outsourcing destinations in the Caribbean.

The island is open to major investments in Agriculture, Manufacturing, Tourism, Information Communications Technologies (ICT), Financial Services, Film and the Creative Industries.

Its comparative advantages that attract strategic investors and tourists include natural beauty, geographical location (only one hour and twenty minutes by air from Miami), time zone, English-speaking skilled labour force, strong financial services sector, the world’s seventh-largest natural harbour and mineral resource endowments, as well as a spirit of enterprise and well-established traditions of democracy and accountability.

These endowments have aided Jamaica’s rise as the hub for trade within the Caribbean Community and Common Market (CARICOM) and into a popular centre for some of the world’s major transnational corporations (TNCs).

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JAMAICA’S INFRASTRUCTURE FOR FOREIGN DIRECT INVESTMENTS

SEA PORTSJamaica is advanced in modernising its port, airport, road, telecommunications, water supply and sewerage infrastructure. Investment in infrastructure is an important priority in national de-velopment, given its impact on competitiveness in the economy. The island has been a high performer in attracting foreign direct investment over recent years, particularly in the area of tourism, and this performance has been attributed to improvements in its infrastructure.

Jamaica has nine active ports. The Port of Kingston is the largest, which at 21 square kilometres of navigable water, is the seventh largest natural harbour in the world. Located along the north/south, east/west axis of the Caribbean, the port is just 32 miles from the trade routes that pass through the Panama Canal.

The Port of Kingston is divided into two terminals: (i) Kingston Container Terminal (KCT), which is owned by the Government and operated by The Port Authority of Jamaica and (ii) Kingston Wharves, which is owned and operated by Kingston Wharves Limited, a public company. Kings-ton Container Terminal has a capacity of 2.8 million Twenty Foot Equivalent Unit (TEUs). Trans-shipment accounts for 85 per cent of throughput at the facility. There are mainline services to North and South America, Europe, the Far East and Australia. KCT is a key player in the develop-ment of Jamaica’s logistics hub. Facilities include three terminals: North (21.63 hectares), South (43.87 hectares) and West (13.53 hectares); 2,310 metres of berth with depth of up to 14 metres; 19 cranes; 73 straddle carriers; 10 terminal tractors; 16 multi-trailer trains; 14 empty container handlers; 28 terminal tractors; 744 reefer plugs; and 27 chassis. The Terminal is controlled by a state-of-the-art computerized management system.

Kingston Wharves has a capacity of approximately 200,000 TEUs. The facility includes: 1,644 me-tres of continuous berth with up to 13.0 metres depth; terminal area of 25 hectares including 30,000 square metres of covered warehousing and cold storage; 53,000 square metres off-port storage for vehicles; and state-of-the-art equipment including 3 mobile harbour cranes.

With stellar infrastructure, competitive rates and a central location, the transshipment opportu-nities in Jamaica are limitless. Our easy accessibility to the main shipping lanes that run through the Panama Canal makes the Port of Kingston even more attractive to international shipping companies. Over 30 shipping lines have operations in Jamaica, covering all the major routes to the North and South American continents, Europe and the Far East.

The Port of Kingston:“The natural harbour in Kingston is the 7th largest in the world”

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AIR TRAVEL Jamaica has three international airports – the Norman Manley Interna-tional Airport (NMIA) in Kingston, Sangster International Airport (SIA) in Montego Bay and Ian Fleming International Airport (IFIA) in Bosco-bel, St. Mary, which currently accommodates private and small com-mercial aircrafts. Additionally, Jamaica has three aerodromes – Tinson Pen (Kingston), Ken Jones (Portland) and Negril (Westmoreland).

The Norman Manley International Airport sits south of the Kingston Harbour on 228 hectares (563 acres) of land. It has a runway of 816 square metres (8,785 square feet) and is capable of accommodating aircrafts up to the size of the Boeing 747.

The Sangster International Airport runs along the northern strip of the country, 3.2 km from downtown Montego Bay. It’s on approximately

235 hectares (580 acres) of land, with a runway of 809 square metres (8,700 square feet) and an associated parallel taxiway running the full length of the runway.

The redevelopment of the Sangster International Airport in-cluded the construction of a new concourse and the upgrading of the existing one, which has expanded the capacity of the air-port to handle 9.5 million passengers per annum – three times its previous size. It was completed in August 2008. The airport handles the bulk of the traffic generated by the tourism indus-try and now possesses the most modern passenger facilities for shopping, immigration, customs and transport services in the Caribbean region.

HIGHWAY 2000Highway 2000 is the centerpiece of a multi-year Millennium Projects Programme initiated by the Government of Jamaica. The main objective of these projects is to upgrade the country’s infrastructure and assist in providing economic opportunities for growth and the creation of jobs.

The highway is a four to six lane controlled-access, tolled motor-way with fully grade separated interchanges and intersections built according to modern international standards.

Sangster International Airport, Montego Bay

A section of the ‘Highway 2000’

JAMAICA’S INFRASTRUCTURE FOR FOREIGN DIRECT INVESTMENTS

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Jamaica Promotions Corporation, (JAMPRO)

JAMPRO is the Government of Jamaica’s investment and export promotion agency, which connects investors and entrepreneurs from around the globe to the trade and investment op-portunities available in the leading sectors of the Jamaican economy.

Operating under the direction of the Ministry of Industry, Investment and Commerce, JAM-PRO guides investors from the decision making stage, through the approvals process, to when their investments become operational. The agen-cy focuses on the targeted sectors of tourism, manufacturing, agri-business, information and communication technology, mining, energy, and the creative industries (film, music and entertain-ment).www.tradeandinvestjamaica.org

Development Bank of Jamaica

The Development Bank of Jamaica facilitates the growth and development of all viable enterprises in the productive sectors of the Jamaican econ-omy. The DBJ provides direct lending for large projects in strategic areas, medium and long-term financing solutions to all entities and supports the management and privatization of national assets and investments.www.dbankjm.com

GOVERNMENT FACILITATION AGENCIES

Port Authority of Jamaica

The Port Authority of Jamaica is the statutory corpora-tion responsible for the regulation and development of Jamaica’s port and shipping industry. The corporation is responsible for the safety of all vessels navigating the ports of entry and the regulation of the tariffs charged on goods passing through the public wharves. In ad-dition, the Port Authority regulates the establishment and operation of all port facilities, develops and man-ages safe, secure and efficient world-class port infra-structure in Jamaica and the related commercial opera-tions that deliver sustainable growth while satisfying the needs of all stakeholders.www.portjam.com

Urban Development Corporation

The Urban Development Corporation has a mandate to stimulate urban development through the planning and implementation of comprehensive development projects and programmes.www.udcja.com

Petroleum Corporation of Jamaica

The Petroleum Corporation of Jamaica has been man-dated to develop indigenous renewable energy re-sources, to prevent adverse effects on the environment and to realize the goals of Jamaica’s Energy Sector Policy.www.pcj.com

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GOVERNMENT OF JAMAICA

PROJECTS

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The Government of Jamaica has embarked on the GLOBAL LOGISTICS HUB INITIATIVE (GLHI) to capitalise on the trade and business opportunities that will emanate from the expansion of the Panama Canal, which is scheduled for completion in 2015. Jamaica already has a very vibrant shipping industry, and Kings-ton Harbour is the seventh largest natural harbour in the world.

Jamaica’s Logistics Hub will be the fourth global logistics node, joining Singapore, Dubai and Rotterdam. It will establish the country as a signi�cant player in the global shipping and lo-gistics industry, and potential investors and business interests will �nd themselves in striking distance of a market of 800 mil-lion people including North America and Brazil. The Logistics Hub will be perfectly positioned to receive Post-Panamax ships travelling from the Asia-Paci�c region, as these vessels will now have a direct shipping lane from the Paci�c Ocean to the Atlan-tic Ocean (Eastern Seaboard and South Atlantic).

Jamaica will have greater opportunity to handle increased vol-umes of transhipped cargo and the proposed development of an economic zone will facilitate the expansion of the country’s manufacturing sector. Companies will be more inclined to lo-cate their operations in Jamaica to take advantage of the more e�cient shipping route to the Americas, which will be created by the expansion of the Canal.

The development of Jamaica’s transportation, maritime, avia-tion, road and rail and logistics infrastructure will position the country as a leading logistics destination. All components for the Hub will be synergized to present seamless logistics services to the international trading community. A critical component

of the global logistics hub initiative is the broadening of bilateral collaborations with Jamaica’s global partners, and encouraging private sector investment and �nancing through private-public partnerships (PPPs).

The initiative will provide a myriad of opportunities for global and domestic commercial and industry interests. Several cornerstone projects, which represent investment opportunities, include:

• Port of Kingston – The dredging of Kingston Harbour and the expansion of the Port of Kingston will facilitate the dock-ing of bigger ships

• Cow Bay, St. Thomas – Proposed deep water site for the development of a commodity port

• Jackson Bay – This location will be developed as a dry dock for ship repairs and maintenance

• Caymanas Economic Zone (CEZ) - This is a three-pronged investment opportunity consisting of an economic/industrial zone, a technology park and a facility providing renewable energy to these ventures

• Vernam�eld – Located on 2,900 acres of land, Vernam�eld is envisioned as a cargo aerodrome, warehousing facility and industrial centre

• Jamaica Railway - The railway is an integral part of the Hub as it will facilitate movement of cargo to and from the eco-nomic zones to key seaports and airport

• Norman Manley International Airport & Aerodromes - This airport is one of three international airports in Jamaica and a key transfer airport within the region

GLOBAL LOGISTICS HUB INITIATIVE

LOGISTICS & INFRASTRUCTURE

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CAYMANAS ECONOMIC ZONE

LOCATION & OVERVIEW

The Caymanas Estate property straddles the parishes of St. Andrew and St. Catherine, with at least 90% of its lands in St. Catherine. The Estate is situated nine miles from the centre of Kingston and six miles east of Spanish Town, and is planned for a mixed-use unit development. This will see approximately 50% of the lands being developed to include residential, com-mercial, recreational and industrial activities.

Over 1,000 acres in the Estate are committed to the devel-opment of the Caymanas Economic Zone (CEZ), which is a component of Jamaica’s Logistics Hub Initiative. An additional 1,197 ha (2,958 acres) has been zoned for residential, mixed village, recreation, agriculture and sports related activities.

DESCRIPTION OF PROJECT

The development of Caymanas will require planning, design-ing and implementing the primary infrastructure for the entire Caymanas Development. This includes water, sewerage, roads, storm water and electricity.

Infrastructure works will include:• The primary road network including interface and access

to Mandela Highway

• The storm water and drainage system

• The water supply and distribution construction

• The construction of the sewage collection and convey-ance system to Soapberry Waste Water Treatment Plant

• The construction of the electrical power transmission and distribution system

PROJECT HIGHLIGHTS

• Located at the convergence point of the major road net-work with heavy �ow of tra�c

• Proximity to Kingston and the Port of Kingston

• Improved linkages to the North Coast on completion of the north-south link of Highway 2000 and the South Coast via existing highway

• New infrastructure with adequate capacity to meet de-mand and new development zone (economic/residen-tial)

TYPE OF INVESTMENT REQUIRED/ DESIRED PARTICIPATION

• Joint Venture – Public Private Partnership (PPP)

Location of the Caymanas Estate Development Area

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LOCATION & OVERVIEW

This project is located in the Naggo Head area of Portmore, a suburban municipality

adjacent to Kingston. Portmore is the largest dormitory community in the English-speak-

ing Caribbean, and provides ready access to a large workforce comprised of highly trained

persons.


Naggo Head has been earmarked for the development of a technology park, which is in

keeping with the Government’s focus on Information and Communications Technology

(ICT) as a priority sector. The ICT industry, particularly in the Information Technology En-

abled Service (ITES) sub-sector, has been experiencing tremendous growth in the past

decade. The ITES segment of the ICT sector consists of contact centres, business process

outsourcing (BPO) and information technology (IT), including software development.

The park will be designated as a Special Economic Zone and will feature custom buildings,

large-scale facilities for lease, and corporate design fit-outs, among other structures. The

development of Phases 1 & 2 at Naggo Head is scheduled to provide a total of 750,000

square feet of space for ICT projects.

PROJECT HIGHLIGHTS • Free Zone status• Other applicable incentives, authorized by the

Government of Jamaica

TYPE OF INVESTMENT REQUIRED/DESIRED PARTICIPATION Joint Venture Partnership

NAGGO HEAD TECHNOLOGY PARK


NAGGO HEAD ICT PARK - LOCATION: ST. CATHERINE

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ALTERNATIVE ENERGY SUPPLY SOLUTION(REQUIRED FOR THE CAYMANAS ECONOMIC ZONE AND NAGGO HEAD

TECHNOLOGY PARK)

LOCATION & OVERVIEWThe project’s location is Portmore, St. Catherine, which is the largest dormitory com-

munity in the Caribbean. This area has a large and skilled labour force, as well as prime

real estate developments.


• Alternativeenergysolutionsthatwillprovidedevelopmentslocatedin

the Caymanas Economic Zone and Naggo Head Technology Park with

e�cient, innovative and a�ordable energy service

• Theutilizationofanyviablealternativemeansofproducingenergy

PROJECT HIGHLIGHTS • ThisisapioneeringprojectthatwillbethelargestofitskindinJamaica

• Alternativeenergypowergeneration,withexcesscapacitysoldbackto

the national grid

• Applicableincentives,authorizedbytheGovernmentofJamaica



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NORMAN MANLEY INTERNATIONAL AIRPORT AND AERODROMES


LOCATION & OVERVIEW1. Norman Manley International Airport (NMIA) –

Kingston, on the south east end of the island.

The NMIA is one of three international airports in

Jamaica. It is an important component of Jamaica’s

Global Logistics Hub Initiative.

2. Ian Fleming International Airport – Boscobel,

St. Mary, on the North East end of the island

3. Ken Jones Aerodrome – Portland, on the North

East of the Island of Jamaica

4. Negril Aerodrome – Hanover, on the West of the

Island of Jamaica

DESCRIPTION OF PROJECTThe Government of Jamaica (GOJ) is seeking to identify and

appoint a suitably quali�ed concessionaire to develop and

operate the NMIA and develop and expand select GOJ-

owned aerodromes. NMIA is situated less than twenty min-

utes from Kingston, Jamaica’s capital city. It is bordered by

the seventh largest natural harbour in the world and is one

of Jamaica’s global gateways.

The current operator of NMIA is NMIA Airports Limited

(NMIAL), which was incorporated in 2003 as a wholly owned

subsidiary of the Airports Authority of Jamaica (AAJ). The

existing concession at NMIA is for a period of 30 years com-

mencing October 2003.

STAGE OF INVESTMENT READINESSSeeking expressions of interest.

STATUSDue diligence is being undertaken. The transaction is ex-

pected to be advertised in the third quarter of 2013.

PROPOSED PRIVATISATION MODALITYConcession

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LOCATIONHellshire, St. Catherine, on the south east coast of

Jamaica

DESCRIPTION OF PROJECTOne of St. Catherine’s most popular locations for family fun days,

picnics and entertainment events, the Fort Clarence Beach is a

quick getaway for locals and tourists from the hustle and bustle

of the capital city, Kingston. Famous for its “�sh and festival”, the

40-acre Fort Clarence Beach is to be privatised to a suitable op-

erator by way of long term lease or concession. Current facili-

ties at Fort Clarence include concession buildings, bathrooms,

showers, changing rooms, and an area suitable for a restaurant.

STAGE OF INVESTMENT READINESSSeeking expressions of interest

PROPOSED PRIVATISATION MODALITYLong-term lease /Concession

FORT CLARENCE BEACH

TOURISM

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LONG BAY BEACH 2

LOCATIONWestmoreland, on Jamaica’s south west coast

DESCRIPTION OF PROJECTThe Long Bay Beach (1 & 2) is situated along the famous “Seven Mile”

white sand beach. In 2001, the Urban Development Corporation (UDC)

established three acres (1.21 hectares) for Long Bay Beach 2 to comple-

ment the 10.2 acres (4.12 hectares) of Long Bay Beach 1, which was

developed in 1997. Long Bay Beach 2 has facilities for a rest room, o�ce

area and security post.

STAGE OF INVESTMENT READINESSSeeking expressions of interest

PROPOSED PRIVATISATION MODALITYLong-term lease/Concession

TOURISM

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REACH FALLS

TOURISM

LOCATIONPortland, on the north east coast of Jamaica

DESCRIPTION OF PROJECTThis 4.6-hectare property is an ecological sanctuary with signi�cant

biodiversity and a unique waterfall. Reach Falls and the surrounding lands

are part of an environmentally sensitive area that is famous for its natural

beauty. The attraction has the potential to be further developed, and pres-

ent upgrading work will transform it into one of the premier attractions in

the Portland region.

STAGE OF INVESTMENT READINESS

Pre-privatisation - due diligence is being undertaken


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TOURISM

TWO SISTERS CAVE

LOCATIONSt. Catherine on Jamaica’s south east coast

DESCRIPTION OF PROJECTThe caves are located in the Sandhills Bay area of Hellshire, overlook-

ing the Two Sisters Bay. The size of the property is approximately 9.88

acres (4 hectares). The facility was renovated in 2005, and every e�ort

was made to retain the lush indigenous plant life to enhance the

landscaping. This historic attraction was once a ceremonial site for

the Tainos, the earliest recorded inhabitants of Jamaica.

STAGE OF INVESTMENT READINESSPre-privatisation - due diligence is being undertaken


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TOURISM

LOCATION & OVERVIEWThe Festival Market Place will be located on approxi-

mately 3.6 hectares or 8.9 acres of prime waterfront real

estate in Downtown Kingston, in a section of the area

that has been identi�ed as the Kingston Waterfront

Zone. The project is one component of the Kingston

Waterfront Redevelopment plan, and has been devel-

oped to address the need for added recreational and

entertainment areas, as well as public open spaces

within a mixed-use environment.

The Festival Market Place already features the Kingston

Craft Market, an active �shing complex, the Downtown

Kingston Transportation Centre, the now dormant

railway, and the active Market District. It is 15 minutes

away from the historic town of Port Royal by ferry/boat,

and 30 minutes from the Norman Manley International

Airport (NMIA) by car.

DESCRIPTION OF PROJECTConceived as the premier waterfront destination in Ja-

maica, the Festival Market Place will be designed as the

waterfront extension of the renewed market and com-

mercial districts to the north, as well as the terminal

point of the existing east-west pedestrian arcade and

promenade connecting all the new and existing wa-

terfront destinations. The project is made up of several

components, including:• Renovations to the existing Victoria Craft

Market• Relocation and construction of new Area 4 Police

headquarters and JCF Museum• New cruise ship pier and terminal• In-bond and local shopping• Restaurants and bars• Multi-use commercial/o�ce space• Indoor and outdoor exhibition space• Loft apartments• Vendor arcade• Food bazaar• Gardens and waterfront promenade• Multi-purpose outdoor recreational and enter-

tainment space• Ferry pier and deck• Marina and docking facilities• Fishing complex• Parking • Bridge over Port Royal Street to link to Transporta-

tion Centre

The aim of the Festival Market Place is to contribute to

the transformation of the downtown area into a pre-

ferred destination to live, work, play and do business.

FESTIVAL MARKET PLACE

3D View of Kingston Waterfront & Promenade

Artist Impression of Festival Market Place showing sections of restaurants, lofts & promenade

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COMMERCIAL ASSETS OF THE COCOA INDUSTRY BOARD

LOCATIONThe Cocoa Industry Board (CIB) has processing facilities in the parishes of

Clarendon, St. Mary, Hanover and Kingston. The Government of Jamaica is

in the process of divesting the commercial assets of the CIB.

DESCRIPTIONJamaica is a member of the International Cocoa Organization (ICCO), and is

represented by the CIB in that organization. The ICCO recognizes 17 coun-

tries as producers of “�ne or �avour” cocoa, and Jamaica is classi�ed as one

of eight (8) exclusive producers of �ne or �avour cocoa.

The CIB has sole responsibility for marketing Jamaica’s high quality cocoa

internationally, and the Government of Jamaica is seeking to privatise the

Board’s commercial assets.

STAGE OF INVESTMENT READINESSPre-privatisation - due diligence is being conducted. The opportunity is ex-

pected to be advertised in the third quarter of 2013.

AGRICULTURE

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JOHNSON HILL

HOUSING DEVLOPMENT

LOCATION & OVERVIEWJohnson Hill is located in the Hellshire communi-

ty, approximately 15 kilometres west of Kingston.

The surrounding area is generally characterized

by expensive upscale-type multi-storeyed homes,

as is typical of suburban Kingston’s residential ar-

eas such as Chancery Hall and Belvedere. The el-

evations of the landscape provide breath-taking

views of the Great Pond as well as scintillating

night lights of Kingston from across the Kingston

Harbour.

DESCRIPTION OF PROJECTLot 143 in Johnson Hill is a 7-hectare parcel of land

that is slated to be developed into four residential

clusters of 52 units with a mix of two-bedroom

townhouse units and two and three bedroom

duplex homes. Each cluster is gated with com-

munity play area, provision for visitor parking and

independent access from an existing service road.

The typical three-bedroom/two-bathroom unit

will measure 117 sq. metres (gross �oor area),

while the two-bedroom/two-bathroom unit will

measure 106 sq. metres. The average lot size will

range from 400 to 650 sq. metres. The develop-

ment will be positioned to appeal to people who

desire high quality living with all the requisite

amenities in a safe environment.

PROJECT HIGHLIGHTS• Breath-takingviewofKingston Harbour and the Blue Mountain Range • Partofaupscaleneighbourhood• Goodinfrastructure–roads,water, electricity etc.• Cool,windyclimate• ProximitytoKingston,Portmoreand Spanish Town• ProximitytoFortClarence and Hellshire Beaches, as well as the Two Sister’s Cave attraction

TYPE OF INVESTMENT REQUIRED/DESIRED PARTICIPATION Joint venture – Public Private Partnership (PPP)

Schematic layout of the proposed Lot 143 Johnson Hill, Hellshire Residential Development.

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HOUSING DEVLOPMENT

MOUNT EDGECOMBE HOUSING DEVELOPMENT

LOCATIONMount Edgecombe is a 37.6-hectare subdivi-

sion located in the parish of Westmoreland, at

the westernmost end of Jamaica’s south coast.

The majority of the lands are within the slope

range of 1:6 to 1:10. At least 20% of these lands

fall within the 1:4 to 1:6 slope range.

DESCRIPTION OF PROJECTThe project is intended to be primarily a resi-

dential subdivision of 395 lots, which will be

sectionalised into �ve development blocks

with support services for recreational, social

and commercial use. There will also be shared

services for a school located to the west of the

subdivision.

The design of the subdivision was informed by

a housing demand survey, which indicated that

the desired size for lots should range from 500

to 4000 sq. m to cater to returning residents

and other persons wishing to build on the lots.

Based on the need to facilitate a broader spec-

trum of housing solutions, a decision was taken

to include lots with houses to incorporate other

income groups. This is particularly in light of the

need to provide housing solutions for workers

in the growing hotel industry on the southwest

coast.

PROJECT HIGHLIGHTS• Located on the Jamaica’s South Coast, an

area with high demand for community

tourism

• Approximately 4.5 km from the town of

Blue�elds and 27 km from Black River

• Close to developing and established tour-

ist resort areas, including Sandals White-

house, Treasure Beach, etc.

• Located on the main thoroughfare

• Good road access and available utilities

• The entire subdivision will have a central

sewage system


Proposed subdivision of the Mount Edgecombe housing development

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INTERNATIONAL FINANCIAL SERVICES CENTRE

DESCRIPTION OF PROJECTThe Government of Jamaica has identi�ed the global international �nancial sector, which is valued at US$5 to $7 trillion, as a key area that has the potential to boost the local economy. Based on a compre-hensive KPMG study of the global �nancial services sector, which was commissioned by the Government, the country has developed a clear strategy to enter the market with a unique business model predicated on its politically independent structure of government and stable �nancial system.

The objective of an International Financial Services Centre (IFSC) is to leverage Jamaica’s strengths by en-tering the market as a mid-value competitor with a carefully planned strategy of developing into a Centre of Excellence. As a mid-value competitor, Jamaica will develop a niche market and solidify its reputation. This will position the country to subsequently become a global provider of a highly specialized niche service. The focus of Jamaica’s IFSC project is on the provision of value-added services, such as funds and trust administration.

KEY HIGHLIGHTS• Jamaica’s attractiveness as an IFSC will be enhanced by the following critical success

factors:• Jamaica is signatory to one multilateral and 12 bilateral double taxation treaties, as well

as 8 Tax Information Exchange Agreements (TIEA);• Jamaica has a strong �nancial regulatory system and membership on regional and inter-

national regulatory bodies, including the Caribbean Financial Action Task Force (CFATF);• The country boasts a large cadre of highly trained English-speaking professionals;• The island has a highly developed telecommunications infrastructure;• Jamaica has a mature tourism product with excellent air links and the capacity to host

large meetings in convention hotels, with more than 20,000 rooms.

FINANCIAL SERVICES

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PRIVATE PROJECTS

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LOCATION & OVERVIEWThe Old Hope property is located in the parish of Westmoreland in western Jamaica. It is about 20 minutes from the resort town of Negril and approximately one hour by car from the Sang-ster International Airport in Montego Bay, St. James.

DESCRIPTION OF PROJECTThe Old Hope property consists of 302 acres of generally �at land with a beach front area of 3,820 feet. It has 60 acres of mangrove with thick shrubbery, ponds and wetlands that are ideal for a nature reserve. It is also a natural hab-itat for turtles as well as several species of birds. The property is in a very desirable location, and ranks highly with other resort and residential communities such as Hope Wharf and Coconut Grove, which are in high demand. Additionally, the property has access to water supply, elec-tricity and telephone services.

PROJECT HIGHLIGHTS• Secluded and quiet location, yet still close

to Negril and Montego Bay• Flat land and good soil for construction

TYPE OF INVESTMENT REQUIREDThe Old Hope Property is being o�ered for sale.

TOURISM

OLD HOPE PROPERTY

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THE JAMAICA PALACE HOTEL

TOURISM

LOCATION The Jamaica Palace Hotel is located on Ja-maica’s east coast in the parish of Portland. It consists of 80 rooms and suites and sits on 5 acres of land. There is an additional seven acres of land adjoining the Jamaica Palace, which is available for purchase for further development.

Portland is approximately two and a half hours away from the Sangster International Airport (SIA) in Montego Bay by car, and the Norman Manley International Airport (NMIA) in Kingston. The Ian Flemming International Airport in Port Antonio, which accommo-dates smaller planes and private jets, is a 15-minute drive from the Jamaica Palace Hotel.

PROJECT DESCRIPTIONThe Jamaica Palace Hotel is one of the most luxurious and elegant hotels in Portland. The location o�ers a cool climate, lush greenery, beautiful beaches, several waterfalls and

the spectacular Blue Mountains as its back-drop. The hotel is within walking distance of several private coves and beaches, such as Frenchmen’s Cove and San San Beach. The world famous Blue Lagoon, as well as Navy Island, are two other attractions that are nearby.

PROJECT HIGHLIGHTS• Incomparable beauty of Portland • Abundance of natural resources• Small scale but high-end

TYPE OF INVESTMENT REQUIREDThe Jamaica Palace Hotel is being o�ered for sale.

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TOURISM

LLANDOVERY ESTATESLOCATION The Llandovery Estates property is comprised of 1,000 acres of land situated on the north coast in the parish of St. Ann. It is a 15-minute drive from the major resort town of Ocho Rios, and is in close proximity to attractions such as the world famous Dunn’s River Falls and the Green Grotto Caves. It is also 50 minutes from the Sangster International Airport in Montego Bay.

The property is bounded by the Caribbean Sea to the north, and has an oceanfront of 1 km in length. It is divided into two sections by the main highway between Ocho Rios and Montego Bay, with 170 acres being on the northern ocean-side and the remainder on the southern side of the highway.

PROJECT DESCRIPTIONLlandovery Estates is characterised by roll-ing terrain with �atter lands grading down to the sea. The property has many natural water features such as a fresh spring, a river

running through it, a waterfall and, of course, the beach. The terrain is easy to develop, be-ing gently sloping land, and o�ers great views. Full designs have been done for a major de-velopment that will include a mix of resorts, residences, recreational and retail facilities, as well as a golf course. Preliminary approval for the development has been obtained from the National Environmental Planning Agency of Jamaica (NEPA).

PROJECT HIGHLIGHTS• Historic landmark property, once the site

of a sugar estate• Ideal location with well-developed infra-

structure facilities

TYPE OF INVESTMENT REQUIREDThe Llandovery Estates property is being o�ered

for sale.

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TOURISM

SEA SPLASH RESORTLOCATION Sea Splash Resort is a charming boutique ho-tel property located on the famous seven-mile stretch of beach in Negril, Westmoreland. Its sug-ary, white sand beach and laidback atmosphere is a magnet for sun and fun lovers, and the area has become a prime location for both tourists and lo-cal vacationers. Sea Splash Resort is approximately 50 minutes by car from the Sangster International Airport (SIA) in Montego Bay.

PROJECT DESCRIPTIONThe hotel has 16 suites of varying sizes, �ve deluxe rooms, a swimming pool and a whirlpool bath. It sits on one full acre of land, with 100 feet being beachfront property. Sea Splash is also home to the award-winning restaurant Norma’s On the Beach. It is a unique property, with a combination of elegant style and true Jamaican charm.

PROJECT HIGHLIGHTS• Attractive site layout with lush greenery• Great location on the famous seven-mile

Negril Beach • Loyal clientele

TYPE OF INVESTMENT REQUIREDThe Sea Splash Resort is being o�ered for sale.

27

TOURISM

TURTLE CRAWL PROPERTYLOCATION The property is located on a hill at the south end of Turtle Crawl Bay in Anchovy, Portland, approxi-mately two miles east of the resort town of Port Antonio. The Trident Hotel, Jamaica Palace Hotel, Frenchman’s Cove beach and San San Resort Villas are all within a 10-minute drive of the property. The international airports in Kingston and Mon-tego Bay are approximately two and a half hours away by car. The Ian Fleming International Airport, which accommodates smaller planes and private jets, is 15 minutes from the property.

PROJECT DESCRIPTIONThe 43-acre property is triangular in shape, with an access frontage by the road measuring ap-proximately 210 feet. The elevation of the land rises from 80 feet to 410 feet above sea level. The property o�ers a lush green landscape, and the higher elevation provides a panoramic view of the harbour and Port Antonio. Full designs have been done and approvals obtained for the con-struction of thirty-two high-end villas.

PROJECT HIGHLIGHTS• Portland remains an attractive location for

the wealthy• Abundance of natural resources, • Small scale but high-end development

TYPE OF INVESTMENT REQUIREDThe Turtle Crawl property is being o�ered for sale.

28

TOURISM

THE WEXFORD HOTEL LOCATION The Wexford Hotel is located in Montego Bay, St. James on the famed Gloucester Avenue “Hip Strip”. It is in close proximity to pop-ular shopping, dining and entertainment facilities. The hotel is �ve minutes from the Sangster International Airport, and is across the street from the famous Doctor’s Cave Beach.

PROJECT DESCRIPTIONThe Wexford Hotel has been recently renovated, and is fully opera-tional with 85 rooms, recreational, dining and conference facilities. The room complement comprises two Executive Suites, �ve Junior Suites, 30 Ocean View rooms and 43 Garden View rooms. The hotel also o�ers some of the �nest conference facilities in Montego Bay, with state-of-the-art equipment and 5,520 square feet of space that can accommodate up to 300 people.

PROJECT HIGHLIGHTS• Newly renovated with solid infrastructure, attractive site

planning and interior layout• Tropical sanctuary in close proximity to the Sangster

International Airport

TYPE OF INVESTMENT REQUIREDThe Turtle Crawl property is being o�ered for sale.

29

TOURISM

OYSTER BAYLOCATIONOyster Bay is located in Falmouth, Trelawny, in close proximity to the Falmouth Cruise Pier. It is a 20-minute drive from the Sangster International Airport in Montego Bay, St. James.

DESCRIPTION OF PROJECTThe project is envisioned to be a luxury resort location with 776 rooms along 550m of beachfront property. The project will also include 380 apartments, and a 100-room hotel with ample parking.

PROJECT HIGHLIGHTS• 165.000m2 land with 550 m beachfront • 90.000m2 approved building surface

TYPE OF INVESTMENT REQUIREDOyster Bay is being o�ered for sale

30

LOCATION & OVERVIEWThe picturesque landscape of Rose Hall is located seven miles east of the Sangster International Airport in Montego Bay, St. James. The project is envisioned to be a self-contained resort community along Jamaica’s North Coast. Rose Hall is currently home to over 2,500 luxury hotel rooms located on properties owned by recognized brands such as Half Moon, Iberostar and Hilton. The Montego Bay Convention Centre is also located in the area.

DESCRIPTION OF PROJECTRose Hall maintains a portfolio of over 250 acres of prime oceanfront property that is ideal for resort and commercial development. All oceanfront property is serviced by Rose Hall’s extensive private infrastructure, which includes potable water, advanced wastewater treatment and recycled irrigation water. Transportation is accessible via the North Coast Highway.

Plans for a new residential development are underway, with subdivisions already approved for 32 new home sites. Lot sizes range from a half to 2 acres. Opportunities exist for individual lot owners or investors looking to purchase land for entire subdivisions. For further information, please visit www.rosehall.com

PROJECT HIGHLIGHTS• 3,500 acres of Master Planned Development,

surrounded by existing resorts• 250 acres of prime oceanfront real estate• 54-holes of golf spread across the White Witch,

Cinnamon Hill and Half Moon Golf courses• Reliable infrastructure • • Pre-approvedresidentialsubdivisionswith

panoramic ocean view• • In-house nursery for commercial and

residential landscaping projects

TYPE OF INVESTMENT REQUIREDJoint Venture Partnership

ROSE HALL SEASIDE

TOURISM

31

LOCATION & OVERVIEWGreen Castle Estate is a pristine beachfront property located in Robin’s Bay in the parish of St. Mary, which is one hour east of Ocho Rios.

DESCRIPTION OF PROJECTThis property is ideal for ecotourism. The vision for Green Castle Estate is to create a luxury, low–impact, mixed–use residential resort that will be environmentally, economically and socially sustainable. Of the 1,591 acres, an initial plan indicates that only 500 – 600 acres would be developed, leaving the majority of the lands as a nature and historic reserve to be enjoyed by patrons and residents of Green Castle. The property features idyllic valleys and hillside plateaus that rise from the Caribbean Sea to more than 500 feet in elevation.

PROJECT HIGHLIGHTS• Beach hotel of 200 keys • Luxury hotel of 150 keys • Beach Casitas - 15 units • Fractional Residences - 75 units • Hillside Residences - 40 lots • Estate Residences - 75 lots • Taino Indian Cultural Centre - 60 units • Equestrian Center • Agriculture and Horticulture leases (in place)

TYPE OF INVESTMENT REQUIREDMaster Developer/Joint Venture Partnership

GREEN CASTLE ESTATE

TOURISM

32

TOURISM

ROUND HILL ESTATESLOCATION Located on over 465 picturesque acres of premium development-ready real estate in Hanover, Round Hill Estates is a 20-minute drive from the Sangster International Airport in Montego Bay, St. James.

DESCRIPTION OF PROJECTThe Round Hill Estates project presents a compelling investment opportunity for residential/hospitality development, which will include a mixed-use development consisting of a�ordable luxury villas, retirement village and family resorts. The property borders the world famous Round Hill Villas hotel and villas. For further information, please visit www.roundhillestates.com

PROJECT HIGHLIGHTS• Premium location with pristine beach frontage

and magni�cent mountains • The location bene�ts from the development and

infrastructure of “The Elegant Corridor” located in nearby Montego Bay

• Top tier development team


33

TOURISM

SEVENTH HARBOURLOCATION & OVERVIEWThe Gunboat Beach along the along the Norman Manley Highway in Kingston is the proposed site of Treasure Limited’s Seventh Harbour project, which seeks to transform the beach into a secure, self-contained, multi-functional facility for recreational and entertainment activities.

DESCRIPTION OF PROJECTThe project will consist of several distinct components that will be designed to stand independently of each other. Together, these components will create an exciting and bustling hive of commercial activity that will revolutionize Palisadoes and the Kingston Metropolitan Area.

PROJECT HIGHLIGHTS• Entertainment, Restaurant and Gaming Centre• Boat Tour Facility• 200-Slip Marina, Marine Fuel Station and Harbour Mart• Cruise Ship Pier• Water Park• 20,000 Capacity Entertainment Complex• Fine Dining Restaurant• Museum of Jamaican Music• 350-room hotel with Conference Centre


34

TOURISM

MORGAN’S HARBOUR HOTEL AND MARINA

LOCATION & BACKGROUNDMorgan’s Harbour Hotel and Marina is situated in Kingston, in close proximity to the famous historical town of Port Royal with its intriguing pirating history, museum and heritage attractions. The hotel is 10 minutes from the Norman Manley International Airport.

DESCRIPTION OF PROJECTMorgan’s Harbour Hotel is a luxurious, well-furnished 59-room property that is equipped with amenities such as a recreational lobby, main o�ce/lounge, external dance area, two swimming pools, rooftop dining area, conference room and boat transfers to Lime Cay. The hotel’s famous Red Jack Restaurant and Bar is located in a serene seaside setting.

PROJECT HIGHLIGHTS• Located next to a famous heritage site• Close proximity to the Norman Manley International

Airport

TYPE OF INVESTMENTS REQUIREDJoint Venture Partnership or Sale

35

TOURISM

GOLDEN SUN RESORTS LOCATION & OVERVIEWThe proposed Golden Sun Resorts development in Runaway Bay, St. Ann, will consist of a 60-bed Health and Retirement Centre. It is approximately 12 miles west of Ocho Rios and 45 miles from Montego Bay.

DESCRIPTIONGolden Suns Resort is ideal for persons who wish to retire in a peaceful and relaxing setting in the tropics. The project will include:

• Ten cottages with 3 bedrooms, 3 & 2 bathrooms, kitchenette, living and dining rooms, hot water heater and ceiling fans.

• A nineteen-bed, partially furnished facility situated on one acre of land (3 titles) with a separate caretaker’s cottage with two rooms, a bathroom and a patio.

• Restaurant and o�ce building of approximately 2,000 square feet.

SERVICES TO BE OFFERED INCLUDE:• 24 hour nurse’s aide (4 patients to a Nurse)• 24-hour Security• Communal Bearer Service

• Communal Taxi Service• Exercise/Gym Area• Personal Nurse’s Aide Services

PROJECT HIGHLIGHTS• Central location • Jamaica’s tropical climate makes it an

ideal retirement destination• The low cost for health care, coupled

with the fact that the country has well trained healthcare professionals, positions the country to o�er the services that complement assisted living.

TYPE OF INVESTMENT REQUIREDJoint Venture Partnership or Long-term Lease

36

TOURISM

LOCATIONThis property consists of 1,143 acres of prime real estate located 10 to 12 km east of Negril, Westmoreland. It has over six miles of beachfront, and is a one-hour drive from the Sangster International Airport in Montego Bay, St. James.

DESCRIPTION OF PROJECTThis property is zoned for commercial development such as a resort, hotels, estate homes, condos and town homes with amenities such as a golf course, destination shopping, a wellness centre, and spa and �tness centres.

There is an existing runway on the higher section of the property that has the potential to be developed into a 7,500ft runway that can accommodate small aircrafts. This proposed runway can generate additional income from travellers from Montego Bay, Kingston, and also from prospective homeowners or guests from the proposed development.

PROJECT HIGHLIGHTS• Large beachfront• Aircraft runway

TYPE OF INVESTMENT REQUIREDSale or Joint Venture Partnership

JAMAICA BEACHFRONT LAND DEVELOPMENT OPPORTUNITY

37

LOCATIONHope Gardens, St. Andrew

DESCRIPTION OF PROJECTNature Preservation Foundation (NPF) is seeking to redevelop and expand Coconut Park, Jamaica’s �rst amusement park. Located on 2 ½ acres within the 230-acre Hope Estates, NFP is open to expanding the park by an additional 1 ½ acres, making a total of 4 acres available for the attraction. A renovated Coconut Park will complement the Hope Zoo and Botanical Gardens, which are also located on Hope Estates. NPF currently manages the Hope Estates through a 49-year lease from the Government of Jamaica.

PROJECT HIGHLIGHTS• AdjacenttotheNationalHopeZoo• Hometothecountry’slargestbotanicalgarden• ButterflyGarden(newaddition)• OrchidHouse(newaddition)• Locatedinametropolitanarea• Adequateandeconomicalsupplyofpotablewater(deepwell source)• Futureplans-ThedevelopmentofanauthenticChinesegardenby the Chinese Embassy is an additional pull


COCONUT PARK

TOURISM

38

COTTON TREE BAY

LOCATION & OVERVIEWCotton Tree Bay is a short drive away from the casual, laidback resort town of Negril, which is famous for its seven-mile beach strip. The new highway between Montego Bay and Negril gives easy access to the property, which consists of approximately 200 acres. It boasts two miles of waterfront starting at the eastern point of Green Island Bay in the parish of Hanover and continuing east along the northern coastline.

This desirable location has many possibilities, and it is ideally suited for a marina, resort and/or residential development, villas, hotels, spa facilities, exclusive resi-dential homes and riding stables. Its extensive coastline could o�er various water sports from sailing, snorkeling and scuba diving to spear-�shing. The turquoise water o�ers local �ora, fauna and marine life. Some grooming and development of these beaches may be necessary to bring out its optimum pristine beauty.

KEY HIGHLIGHTS

• Cotton Tree Bay is a 50-minute drive from Montego Bay;• The Negril Aerodrome also has daily �ights arriving from the Sangster International

Airport in Montego Bay, which is 20 minutes by air in each direction;• Great Sunsets;• Beach on property and nearby access to Negril’s famed seven-mile white sand beach;

• Idyllic and secluded getaway.

TYPE OF INVESTMENT REQUIREDCotton Tree is being o�ered for sale.

TOURISM

39

TOURISM

BARRETT HALL LIFESTYLE VILLAGE LOCATION & OVERVIEWThe Barrett Hall property is a 429-acre site located approximately 15 miles from Montego Bay, with an unencumbered view of the Caribbean Sea. It is ideally lo-cated for the development of a Retirement Village.

The plan has the following main components:• 1,739 residential units including townhomes, villas and apartments for assisted

living;• Pharmacies and medical facilities for assisted living;• Club house (15,000 sq. ft.);

KEY HIGHLIGHTSThe Barrett Hall Lifestyle Village is well suited for the development of a retirement village for the following reasons:• Proximity to key markets - Jamaica is just a one-hour �ight away from Miami;• Access to international airports - The property is a 20-minute drive from the

Sangster International Airport;• Proximity to the beachfront is less than a mile away (only 0.25 miles);• Proximity to medical facilities - The property will bene�t from being closely lo-

cated to the new private hospital, the Hospiten Group, which operates an inter-national network of private hospitals located in major cities and tourist destina-tions in countries such as Spain, the Dominican Republic and Mexico;

• Unencumbered view of the Caribbean Sea;• Proximity to the “Elegant Corridor”, which hosts premier resorts such as the Ritz

Carlton, Half Moon and Sandals Royal Caribbean, as well as other developments in the area such as an ultra-luxury resort that will o�er casino gaming.

40

LOCATION & OVERVIEW

The White Bay property is 88 acres or 35.61 hectares of beachfront property in Trelawny, east of New Court Beach. The main white sand beach in the western section is ap-proximately 1,200 feet.

Permission for resort development of 30 villas and 40 cot-tages, or a small hotel with the equivalent rooms has been granted and could be increased subject to the requisite approvals being granted. The topography of the land al-lows for villas to be built behind the beach and, as the land rises, all villas can o�er a view of the sea.

KEY HIGHLIGHTS

• Approximately half of this land can be developed as the rest (to the south and east) is de�ned as a “lime-stone forest” and is protected;

• Due to the fact that there are no rivers nearby, the water is crystal clear;

• Access was via a road along the coast, but the de-velopers of New Court plan to o�er a road into the property to the south, entering approximately half way along the western boundary;

• Construction can begin at White Bay immediately;• White Bay is being o�ered for US$8.5 million.

TYPE OF INVESTMENT REQUIREDWhite Bay is being o�ered for sale.

WHITE BAY

TOURISM

41

LOCATION & OVERVIEW

The Coral Springs property sits on a total of approximately 960 acres of land in Trelawny and consists of �ve properties with 1 km of beach. The property is suitable for a major resort development site and is able to accommodate hotels, a golf course, villa development, nature eco tours and possibly a marina.

KEY HIGHLIGHTS• The property is located on the North Coast Highway, and east

of the town of Falmouth;• It is within 40 minutes of the Sangster International Airport in

Montego Bay by car;• The new Falmouth Cruise Ship Pier commenced operations in 2011;• Coral Springs is being o�ered at a cost of US$25 million.

TYPE OF INVESTMENT REQUIREDCoral Springs is being o�ered for sale.

CORAL SPRINGS

TOURISM

42

AMATERRA

LOCATION & OVERVIEWAmaterra Jamaica Limited, a proposed �ve-star resort and mixed use development concept with a championship golf course and other attractions, is located in the vicin-ity of Duncans in the parish of Trelawny. It is situated next door to the site of the exclusive Harmony Cove develop-ment, and will be constructed on 865 acres.

The project involves the construction of villas, condomini-ums and hotels. There is also the potential for the construc-tion of a conference centre and/or casino with a natural

outdoor amphitheatre.

PROPOSED FEATURES• 2,300 hotel rooms in exclusive �ve star hotels• 2,000 villas and town-home lots• Luxury apartments• Championship golf course• 100-acre Commercial Centre

KEY HIGHLIGHTSAmaterra presents an exciting and ideal opportu-nity for the development of a luxury resort based

on the following features and advantages:• It is located approximately 30 minutes from

the Sangster International Airport;• It boasts 3.5 km of scenic ocean frontage, rang-

ing from white sand beaches to majestic lime-stone cli�s.

• Subdivision and environmental approvals have already been secured.

TYPE OF INVESTMENT REQUIREDJoint venture partnership.

TOURISM

43

BARNETT TECH PARK LOCATION The Barnett Tech Park is located on the western side of Montego Bay, approximately 15 min-utes from the Sangster International Airport. It is also within 5 to 10 minutes of major hotels, restaurants and other leisure facilities.

DESCRIPTION OF PROJECTThe Barnett Tech Park consists of 10 fully ser-viced lots within a 46-acre (18.6 Ha) gated com-plex. These lots are available for sale or can be designed and built by the developers, Barnett Limited, to meet the speci�cations of clients. The lots vary in size, ranging from 1.8 acres to 6.3 acres (8,354 sq. M to 43,361 sq. M).

PROJECT HIGHLIGHTS• Location: Montego Bay is located within a

4-hour non-stop �ight zone that encom-passes the major metropolitan centres of North America – from Chicago to Boston and Toronto to Miami. This makes it attractive for businesses looking for near-shore operations as executives can easily travel between international o�ces.

• Communication Services: The Barnett

Tech Park is 10 minutes away from Ja-maica Digiport, where several undersea high capacity telecommunications cables originate/terminate.

• Access to Labour Force: Montego Bay has a large pool of educated persons in its labour force. Barnett Tech Park is approxi-mately 8 – 15 minutes from the various univer¬sities in St. James.

• Transportation: Montego Bay has a modern transportation infrastructure to facilitate easy movement of people, goods and services, including a modern-ized international airport.

• Free Zone Bene�ts: Clients will derive bene�ts from operating in Barnett Tech Park, which will be a designated free zone area.

TYPE OF INVESTMENT REQUIRED/ DESIRED PARTICIPATIONJoint Venture and Financing

INFORMATION COMMUNICATIONS TECHNOLOGY (ICT)

44

JAMROCKKING MARBLES CALCIUM CARBONATE BAGGING PROCESSING PLANT

LOCATIONJamRockKing Marbles’ proposed plant site and deposit are located in the hills of Lumsden, St. Ann. The area is easily accessible and is in close proximity to the Ocho Rios pier, which is already being used to ship bagged and bulk high purity limestone.

DESCRIPTION OF PROJECTJamRocking’s deposit contains more than 100 million tons of high purity marble that has more than 99% calcium carbonate. High purity, �nely crushed and ground marble provide food grade calcium carbonate, which is used to make a range of food and nutritional products including crackers, beverages, calcium tablets, animal supplements and antacids. Calcium carbonate is also used to make a wide range of products such as paper, plastic, paint and toothpaste.

The company is seeking equity investment to develop a mining and bagging plant. Feasibility studies and business plans are available. The company also plans to list on the Jamaica Stock Exchange Junior Market as well as the London Exchange.

PROJECT HIGHLIGHTS• According to the Mining Journal, Jamaica’s

ground calcium carbonate is ranked among the top three in the world.

• JamRockKing is the island’s only holder of a mining lease for marble and whiting.

• Relatively low processing costs

TYPE OF INVESTMENT REQUIRED/ DESIRED PARTICIPATION Private Equity Investment

MINING

45

LOCATION & OVERVIEWDavies Town in the parish of St. Ann has been identi�ed as the site for CaribShare Biogas, an innovative energy-from-waste programme for the tourism and agricultural sectors in Jamaica. The hotel market, with its 6,000-plus rooms, presents a tremendous supply of organic waste that can be exploited as a lucrative renewable energy source.

DESCRIPTION OF PROJECTCaribShare Biogas is a social enterprise with a mission to strengthen rural livelihoods and contribute to climate change mitigation through sustainable waste disposal and clean energy generation. The company’s “Waste to Cash” programme will convert food waste from hotels and manure from cattle/pig farms into biogas to produce clean electricity for sale. Participating farms and hotels will receive a cash reward in order to grow the programme.

CaribShare Biogas emerged as one of the winners of the Inter-American Development Bank’s Ideas Energy Innovation Contest in 2012. The company can provide a business plan

upon request. For further information, please visit www.caribsharebiogas.com.

PROJECT HIGHLIGHTS• CaribShare Biogas o�ers an attractive, cost-

e�ective, environmentally responsible and income-generating organic waste disposal service to hotels and farms;

• No other programme of this kind exists in Jamaica to e�ectively close the waste disposal loop and grow participation through cash incentives;

• Supply of organic waste from over 1,200 hotel rooms and 800 dairy cows has already been committed to programme;

• Technology provided by the Scienti�c Research Council;

• Generating capacity of at least 100kwh;

TYPE OF INVESTMENT REQUIRED/DESIRED PARTICIPATIONInvestment/Grant

CARIBSHARE BIOGAS

ENERGY

46

CREATIVE INDUSTRIES

CABBIE CHRONICLES (ALCYONE ANIMATION)LOCATIONThe Cabbie Chronicles series is produced by Alcyone Animation Limited, a privately owned company located in Kingston, Jamaica. The series chronicles the life of a taxi driver navigating the absurd complexities of modern Jamaican life.

DESCRIPTION OF PROJECTCabbie Chronicles is Jamaica’s �rst multi-award winning animated series. It was �rst aired on the Flow On Demand cable channel, where it became one of the top selling shows. It was also featured on local free-to-air station Television Jamaica (TVJ) and CINTV in New York, where it enjoyed rave reviews.

Cabbie Chronicles has won several awards, with the most notable being Best Caribbean Animation at the Animae Caribe Animation and New Media Festival in Trinidad in 2010, where the judging panel included Oscar-nominated animator Bill Plympton. It also received the Innovation Award for Creativity in 2012 from the Ministry of Science, Technology, Energy & Mining (MSTEM).

Each episode of Cabbie Chronicles is currently a �ve-minute “short”, however, it is the goal of Alcyone Animation to produce 13 new episodes, each 22 minutes long, for worldwide distribution. The company is seeking equity investment to complete this 13-part series, and a detailed business plan is available upon request.

PROJECT HIGHLIGHTS• Providesaninnovativewaytoshowcase ‘Brand Jamaica’• Highqualityproductionatcompetitivecosts• Accesstoover500networksworldwide• GreatdemandforthisJamaicanProduct

TYPE OF INVESTMENT REQUIRED Equity Investment required to complete production of the 13-part series.

47

CREATIVE INDUSTRIES

GSW ANIMATION LIMITEDLOCATIONGSW Animation Limited is one of Jamaica’s premier animation studios. It is located in Kingston, which is the centre of the arts and culture in the country and home to a rising crop of talented and creative individuals who are actively working to grow the local animation industry.

DESCRIPTION OF PROJECT I – CHILDREN’S ANIMATED SERIESGSW specializes in the provision of �rst-rate animation services for local and international studios/clients, as well as the development of indigenous intellectual property. GSW has done work for a European studio on a Disney-distributed cartoon series, and has been approached by one of Spain’s largest animation production companies to co-produce the second season of a 52-episode (11 minutes each) children’s animated series. The basic deal structure consists of GSW providing the animation services in exchange for

a combination of cash and shares in the global intellectual property (IP) rights. The revenues derived from these rights include broadcast revenue, merchandising and licensing. Season 1 of this programme was sold in over 155 territories worldwide to channels including Disney in Spain, France, Italy, Germany, India, Israel and Australia, and Nickelodeon in Benelux, Scandinavia, Latin America, Asia and South Korea.

GSW Animation Limited is seeking equity investment or joint venture partnership. The company’s business plan is available upon request. Further information on GSW is available at www.gswanimation.com.

PROJECT I HIGHLIGHTS• Strong revenue streams• Opportunity to contribute to a globally

distributed creative product TYPE OF INVESTMENT REQUIRED FOR PROJECT IJoint Venture Partnership

48

DESCRIPTION OF PROJECT II – CONTENT AGGREGATIONContent Aggregation is the process of collecting content from various sources (the producer) and monetizing this content through distribution to various consumers such as the general public, ad agencies, and other content producers. Massive aggregators, such as YouTube, only o�er complex ways for producers to monetize content. As the web becomes inundated with more clutter, consumers are seeking more specialized and targeted ways to access their content of choice. GSW’s proprietary business-to-business (B2B) and business-to-consumer (B2C) contact management system and database presents a straightforward way for producers to secure revenues and has the ability to cause a paradigm shift in the business of content aggregation.

GSW’s business plan is available upon request. Further information is available at www.gswanimation.com

PROJECT II HIGHLIGHTS• One of the world’s �rst content aggregation

platforms• The IT platform allows for several di�erent

monetization models• Type of Investment Required for Project II• Equity Investment/Joint Venture Partnership•TYPE OF INVESTMENT REQUIRED FOR PROJECT IIEquity Investment/Joint Venture Partnership

GSW ANIMATION LIMITED

CREATIVE INDUSTRIES

49

JAMAICA ELITE SPORT CENTRE (G.C. FOSTER COLLEGE)

LOCATION & BACKGROUNDThe vision of the Jamaica Elite Sport Centre will be realised by building on the expertise and infrastructure at the G.C. Foster College of Physical Education and Sport. G.C. Foster is a full-time residential institution established on approximately forty-one acres of land in Spanish Town, St. Catherine, which is 20 Kilometres (12 miles) from Kingston

The institution o�ers academic programmes in physical education and coaching for ten international sports including track and �eld. Its current academic certi�cation programmes prepare students for professions in coaching, sport massage therapy and o�ciating, among other sporting professions.

DESCRIPTION OF PROJECTThe Jamaica Elite Sport Centre is envisaged as a project that will combine the structure of an academy, with the amenities of an international training and wellness centre that o�ers world-class services in the �eld of sport. G.C. Foster represents an ideal location to develop the Jamaica Elite Sport Centre, as it possesses the core infrastructure and technical expertise to make such an investment feasible and viable.

The school has bene�ted from recent improvements in infrastructure, such as the refurbishing of classroom

furniture, o�ces and sta� accommodation; improved computer labs, dining facilities and security; and the construction of a computer stand. However, other upgrading work is required and must be complemented by revamped academic o�erings. The appropriate level of investment will ensure that the Centre meets international standards of accreditation.

KEY HIGHLIGHTS• GC Foster is the only institution of its type in

the English-speaking Caribbean • The institution has successfully partnered with

international groups on various initiatives. A member of an Australian contingent that participated in a two-week camp at G.C Foster succeeding in making the Australian World Championship team.

• The institution is regional and represents a proud legacy that must be continued. G.C. Foster is poised to become a global institution with signi�cant in�uence and impact on the world of sports.


SPORTS

50

DOING BUSINESS IN JAMAICA: INCENTIVESURBAN RENEWAL ACTThis Act is targeted at persons or organizations that facilitate or carry out urban development. Relief from income tax, stamp duty, and transfer tax is given to those persons who engage in transactions geared towards urban development, i.e. the metropolitan centres of Kingston and Montego Bay.

ACCELERATED DEPRECIATION/SPECIAL CAPITAL ALLOWANCEQualified businesses must be certified by the Ministry of Industry, Commerce and Technology. For a data processing/system development business, at least 20% of its gross income must be derived from exports. Upon qualification, a certified business is granted a special allowance of capital expenditure for:• 50% of the full cost of any new machinery in the

year of purchase.• A further 50% in the second year.

INTERNATIONAL FINANCIAL COMPANIES ACTIn an effort to promote offshore banking facilities, the Jamaican Government has provided international financial companies with income tax relief on both profits and capital gains. Also known as the Income Tax Relief Act, it provides for partial relief from income tax for the benefit of corporate entities considered to be international finance companies and are approved and recognized under the Act.

HEART TRUST/NATIONAL TRAINING AGENCY The HEART Trust/National Training Agency provides technical support and financing for a wide variety

of employment training programmes through its islandwide network of institutions, on-the-job training and partnerships with community organizations.

The Agency has partnered with numerous startup investors over the years to promote the training and certification of workers, and is particularly interested in high skill/high wage jobs, in which the training provided leads to NCTVET (National Council for Technical and Vocational Education and Training) certification.

The Agency provides financial assistance, usually in partnership with the firm, to fashion on-the-job and in-plant training programmes for firms creating new jobs. Projects developed have been of various designs, customised to the employment situation, however funding is limited in this category and demand is high.

HEART also provides assistance with recruitment and screening of applicants as well as with assessment and certification of the on-the-job learners.

Limited financial support is also offered to firms who wish to pursue accreditation as a training organization.

THE EXCHANGE CONTROL ACTThe Government of Jamaica has no restrictions on the movement of foreign currencies flowing either in or out of Jamaica. This Act facilitates the free movement of capital to other countries, whether for investment or repatriation.

TRADE AGREEMENTSAs a member of the Caribbean Community (CARICOM) Jamaica is party to trade agreeents with the Dominican Republic, Costa Rica, Cuba and Venezuela. The country is also a signatory to the Economic Partnership Agreement (EPA) between the CARIFORUM states and the European Union.

Bilateral Investment Treaties1. Venezuela2. USA3. Spain4. Nigeria5. Korea6. Indonesia7. France8. China9. Netherland10. Malaysia11. Zimbabwe

Double Taxation Agreements1. Canada2. China3. Denmark4. France5. Germany6. Israel7. Norway8. Spain9. Sweden10. Switzerland11. United Kingdom12. United States

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DOING BUSINESS IN JAMAICA: INCENTIVES

CREATIVE INDUSTRIES: FILMMotion Picture Encouragement ActThe requirement for eligibility is that a company must be incorporated or registered under the Companies Act. A “recognized film producer” is entitled to:• Relief from income tax for a period not exceeding

nine years from the date of the first release of the motion picture.

• An investment allowance of 70% of the expenditure on the facilities, which may be carried forward beyond the initial nine year period, is also granted for income tax purposes.

• Exemption from the payment of import duty on equipment, machinery and materials for the building of studios or for use in motion picture production.

• MANUFACTURING & SERVICES INCENTIVESJamaica Export Free Zone ActBefore a manufacturer can take advantage of the concessions made available by this Act, their company must be incorporated or registered under the Companies Act. A company can operate within the designated Free Zone area or outside as a single entity in the customs territory. In order for firms outside the Free Zone complex to benefit under the single entity free-zone status, the company must:• Be registered according to the provisions of the

Companies Act.• Export at least 85% of its production.The “free-zone” status enables manufacturers and service providers (in the case of informatics free zones) to benefit from the exemption from income tax on profits

in perpetuity, as well as import duties and licensing. Furthermore, there exists a special provision under this Act, which permits the repatriation of foreign exchange by overseas investors to its parent company without any form of recourse on the part of the Government.

The Industrial Incentives (Factory Construction) ActThis Law targets companies which construct factories and lease or sell them to producers. It grants relief from:- Import duties for items which are not available locally.- Income tax on factory leasing or sales

Export Industry Encouragement ActTo qualify for incentives under this Act the manufacturer must be an exporter of manufactured products. In the case of a full exporter (i.e 100% of the goods manufactured are exported), the business must be designed to export manufactured products in exchange for hard currency (non-CARICOM markets). In the case of a partial exporter, producers must export a threshold of 5% of their production to non-CARICOM markets.

Having fulfilled these requirements, the manufacturer is eligible to receive concessions on income tax for ten years as well as exemption from import duties on raw materials and machinery.

The income tax rebate is granted according to the percentage of export profits and total profits. For new exporters, the rebate is calculated based on the percentage of export sales to total sales, while for the already existing exporter, the rebate is calculated based on incremental export sales over a base year.

SECTOR INCENTIVESThe Government of Jamaica has provided a number of investment incentives that are accessible by both local and foreign investors. The following is a listing of the more prominent incentives presently being offered in each sector, as well as those that may be applied across a number of sectors. Jamaica Trade and Invest/JAMPRO is the organization that facilitates access to these incentives.

AGRICULTURE INCENTIVESApproved Farmer StatusApproved Farmer status guarantees the farmer income tax and import duty concessions for up to ten years, after which the status may be renewed. Farmers engaging in the production of the following qualify for “approved farmer” status and the ensuing benefits:• Food crops grown and produced in Jamaica • Egg production/hatching• Seed growing• Timber production• Tobacco production• Horticulture• Aquaculture• Livestock cultivation: Cattle farmers have to assure

the Tax Administration Services Department of their intent to increase their herd by at least 10% over a five year period before the relief can be granted.

• Apiculture• Horse Breeding: Horse breeders have to assure the

Tax Administration Services Department of their intent to increase their herd by at least 10% over a five year period before the relief can be granted.

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The Act has been amended to provide benefits where incremental exports to non-CARICOM countries are in excess of 5% of total exports.

BAUXITE AND ALUMINA Bauxite and Alumina Industries (Encouragement) ActUnder this Act, if a business is engaged in the mining of bauxite or the production of alumina in Jamaica, they are automatically qualified for import duty concessions on capital goods, lubricating oils, grease and other chemicals.

PETROLEUM REFINERY Petroleum Re�nement Encouragement ActA registered oil refinery may import articles for the construction and operation of the refinery as well as for the purpose of manufacturing petroleum products duty free. Furthermore, the manufacturer is exempt from paying income tax, or tax on dividends paid to shareholders, for a period of up to seven years after which he has six years to carry forward net losses incurred during that period.

TOURISM INCENTIVESHotel Incentives ActFor a hotel to benefit from this Act, it must contain ten or more bedrooms as well as facilities for meals and the accommodation of transient guests, including tourists. The Act offers income tax relief and duty concessions for up to 15 years for convention-type hotels (hotels with at least 350 bedrooms), and ten years for regular hotels.

Resort Cottages ActThe resort cottage must contain at least two furnished bedrooms with kitchen, living room and bathroom facilities, used for the accommodation of transient guests including tourists, in order to quality for reward. In this case, the business receives income tax relief for up to seven years, while a group of cottages containing ten or more bedrooms is eligible to receive similar income tax relief and duty free importation of building materials and furnishings.

SHIPPING ACTUnder this Act, once a company is recognized as an “‘Approved Shipping Corporation’” it may receive tax relief and concessions on import duties for up to ten years.

DOING BUSINESS IN JAMAICA: INCENTIVES

Export Industry Encouragement Act cont’d

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Jamaica is the place to do business on a global scale, and JAMPRO – the national investment and export promotion agency - is the gateway that connects the world to Jamaica. In extend-ing Jamaica’s image beyond that of a tourist des-tination, the agency works closely with entre-preneurs from around the globe to enable them to tap into the wealth of investment and trade opportunities available in the country.

Operating under the direction of the Ministry of Industry, Investment and Commerce (MIIC), JAMPRO promotes investments in a number of targeted sectors, which include the creative in-dustries (film, music and entertainment), manu-facturing, tourism, agri-business, information and communication technology, mining and professional services. In facilitating both local and foreign direct investment, JAMPRO guides investors through the necessary processes to ensure expedient and successful start-up. The agency also offers development support ser-vices after an investment project becomes op-erational. This serves to encourage continued growth and maximise the contribution of the investment to the national economy.

In order to ensure the smooth implementation of investment projects, JAMPRO offers a suite of services in partnership with key government agencies and ministries. These services include securing work permits, non-tourist visas, duty waiver concessions, incentives, appropriate per-mits/licences, customs clearances, fiscal incen-tives, and building and development approvals. In this regard, JAMPRO collaborates with the

National Environment and Planning Agency (NEPA), Jamaica Customs Department, the min-istries of Industry, Investment & Commerce, Finance, Labour and Tourism, and the various Parish Councils. These entities are guided by the mandate to simplify and harmonise the process-es, procedures and documentation related to getting an investment off the ground.

The agency’s cadre of knowledgeable and pro-fessional business facilitators stands at the ready to assist all potential investors, who can also access pertinent information on Jamaica and investment prospects through JAMPRO’s web site at www.tradeandinvestjamaica.org. As part of its ongoing efforts to appropriately use tech-nology to efficiently accommodate the informa-tion needs of potential investors, the agency launched the web-based JAMPRO Interactive Investment Map. This resource provides a picto-rial view and related data on key infrastructure and institutions, investment projects, lands for development, film locations, natural resources and other related information that will assist them in making investment decisions. The In-vestment Map, which runs on the Google Maps platform, can be accessed from the home page of JAMPRO’s web site.

JAMPRO remains committed to improving pro-moting, stimulating and facilitating the devel-opment of industry and trade, improving the na-tion’s business climate, and fostering economic relationships with key players in international markets.

FACILITATING INVESTMENT IN JAMAICA

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Stacy AdamsManager, Investment Support Services876-978-7755 Ext. [email protected]

Laurence JonesManager, European Regional [email protected]

Robert KerrManager, North American Regional OfficeToronto416-932-2200 (direct)416-598-3008 Ext. [email protected]

Mark ThomasManager, Corporate Communications876-978-7755 Ext. [email protected]

We are Your

Facilitators

INVESTMENT OPPORTUNITIES

Revised June 2013